they have cutting-edge technology. Increased partnering among established and emerging players provides financing and risk sharing as they move offshore and into deeper water.
The refining and marketing sector is consolidating as it enters more competitive markets with tighter profit margins and more stringent environmental regulations. These changes could have an impact not only for the United States, but for China as well. Electricity providers, much like oil and gas companies, are seeking global opportunities. Mergers, acquisitions, strategic partnering, and alliances by which companies seek to position themselves to use technology resources and access markets are taking place at an accelerating pace around the world. China’s opportunities to partner with global generating companies to provide optimal use of their natural resources may provide very valuable benefits to the developing Chinese utility system.